80% On WallStreet Paid Bonuses (Thanks Taxpayers!) Unhappy w/Amount

Quote from Angrycat:

Anaconda, you're making an excellent case for no bailout.

However, once you have a bailout, you have to hold on to - at least - the worthwhile employees in the institution. Mind, I TOTALLY agree that the banks should fail and the employees should lose their jobs. That's just the way it works. What's the point of robbing taxpayers to prop up an institution with no employees or employees like the ones you get at the DMV and the post office? I'm pretty sure you're going to tell me there's no point in propping up failures, but we have done. What now?
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I don't care if there is a bailout or not, I never agreed to it and opposed it via letters to my congressmen. Last I checked, the people were against it, so it is a robbery.

I don't care if the employees are worthwhile, they don't mean sh*t to me, and it's my and the people's money. If they can afford to pay those exorbitant salaries & bonuses, why are they hitting up the TARP? The profit centers can and should operate independently. If there was any real goodwill intention behind this bailout, the stand-alone profitable operations would have been separated. But they weren't. Care to guess why? Few of them, if any, can be truly standalone. Those that are, were long sold off to firms that did not need TARP. Big clue.

What now? Well some of us apparently just choose to give up, bend over and take it as is. The rest are not willing to. Honestly, I think citizens should act accordingly to the fact that their taxes are being misused.
 
Quote from Anaconda:

For which firm? I only know that one CEO of a big firm declined the bonus and the automaker execs agreed to no bonus. That's it. I also remember Morgan Stanley begging for TARP money cause they did not have cash to pay compensation. That is screaming Bankruptcy.
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Loyd Blankfein, John Mack, Thain, etc. And their posses. I'm not aware of any investment banking CEO or their executive teams getting bonuses for '08. The base comp for them is $150k - $200K. Actually, I think most of them should be fired, but nobody is asking my advice so....
 
Quote from Clubber Lang:

You're the piker who backed down on the bet.

Enough said.
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Moron, here's a clue:

Don't do business with dumbasses you run across on message boards. The fact that you were willing to bet $50K with absolutely zero information tells me you're a rank moron. In fact, enticing an interviewee to take exactly such a bet was one of the ways I weeded out the idiots when choosing traders for my company. 'nuff said. I think it's time for you to go back to playing video games in your parents' basement.
 
Quote from Angrycat:

Loyd Blankfein, John Mack, Thain, etc. And their posses. I'm not aware of any investment banking CEO or their executive teams getting bonuses for '08. The base comp for them is $150k - $200K. Actually, I think most of them should be fired, but nobody is asking my advice so....
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LOL Thain & Mack. Don't believe a word that comes out of their mouth.

You can bet your ass they are embezzling TARP funds as fast as possible. Nevermind the multi millions in compensation they received while the mortgage derivative scam was going on.

By the way, did you miss the news? Regulators are looking into Thain's handing out big bonuses to his team prior to BAC taking them over.
Don't be so gullible. This is standard embezzling procedure.
 
Quote from Anaconda:

I don't care if there is a bailout or not, I never agreed to it and opposed it via letters to my congressmen. Last I checked, the people were against it, so it is a robbery.

I don't care if the employees are worthwhile, they don't mean sh*t to me, and it's my and the people's money. If they can afford to pay those exorbitant salaries & bonuses, why are they hitting up the TARP? The profit centers can and should operate independently. If there was any real goodwill intention behind this bailout, the stand-alone profitable operations would have been separated. But they weren't. Care to guess why? Few of them, if any, can be truly standalone. Those that are, were long sold off to firms that did not need TARP. Big clue.

What now? Well some of us apparently just choose to give up, bend over and take it as is. The rest are not willing to. Honestly, I think citizens should act accordingly to the fact that their taxes are being misused.
More...

Good intentions behind the TARP? Need I remind you what the road to hell is paved with?

Look, you and I both know that all the assets of these banks is human capital. The buildings and computers amount to nothing and don't generate wealth without them. If you're not going to maintain your assets, then let the frickin' company die or break it up in pieces already.

I don't give a rat's ass about intentions. Robbing taxpayers on pain of imprisonment in pursuit of this central planning is unacceptable. It's plain, old fashioned highway robbery no matter what fancy (and Orwellian) name they give it. I think we totally agree on that.
 
they weren't going to get a bonus with these losses and shareholder value destroyed in these banks.. bonus giving to them . they are lucky they weren't fired.

they are lucky to have a six figure job at the bank,,,it's an easy job.

they are lucky they have a job in this economy.

Quote from Angrycat:

Fair enough.



If you're talking about the top executives, didn't they all decline bonuses?
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I just saw this.

Look, these people are mostly lowlife. How else could they have pillaged the system with a straight face?

Most of these clowns would be cleaning toilets , serving up half cooked burgers at Wendy's, and living in trailer parks, if not for the opportunity to legally steal on Wall St.

I say, fire them all.


It's our fault for indulging these scum.
 
Quote from tradersboredom:


they are lucky they have a job in this economy.
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Yeah...I pretty much don't understand why they still have jobs. I mean, I do. But they shouldn't.
 
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